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Loans and Leases

12 Months Ended

Dec. 31, 2023

Summary of Major Loan and Lease Categories


	At December 31,
(Dollars in thousands)	2023		2022
Commercial, financial and agricultural	$	989,723	$	1,088,928
Real estate-commercial	3,302,798		3,027,955
Real estate-construction	394,462		381,811
Real estate-residential secured for business purpose	517,002		478,254
Real estate-residential secured for personal purpose	909,015		730,395
Real estate-home equity secured for personal purpose	179,282		176,699
Loans to individuals	27,749		27,873
Lease financings	247,183		211,315
Total loans and leases held for investment, net of deferred income	6,567,214		6,123,230
Less: Allowance for credit losses, loans and leases	(85,387)		(79,004)
Net loans and leases held for investment	$	6,481,827	$	6,044,226

Imputed interest on lease financings, included in the above table	$	(30,485)	$	(21,932)
Net deferred costs, included in the above table	7,949		6,053
Overdraft deposits included in the above table	280		93

Age Analysis of Past Due Loans and Leases

The following presents, by class of loans and leases held for investment, an aging of past due loans and leases, loans and leases which are current and nonaccrual loans and leases at December 31, 2023 and 2022:


	Accruing Loans and Leases
(Dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		90 Days or more Past Due		Total Past Due		Current		Total Accruing Loans and Leases		Nonaccrual Loans and Leases		Total Loans and Leases Held for Investment
At December 31, 2023
Commercial, financial and agricultural	$	1,355	$	348	$	285	$	1,988	$	985,469	$	987,457	$	2,266	$	989,723
Real estate—commercial real estate and construction:
Commercial real estate	1,763		1,072		—		2,835		3,294,254		3,297,089		5,709		3,302,798
Construction	10,022		45		—		10,067		378,328		388,395		6,067		394,462
Real estate—residential and home equity:
Residential secured for business purpose	930		643		—		1,573		514,339		515,912		1,090		517,002
Residential secured for personal purpose	6,464		76		—		6,540		898,262		904,802		4,213		909,015
Home equity secured for personal purpose	721		144		—		865		177,301		178,166		1,116		179,282
Loans to individuals	191		84		37		312		27,437		27,749		—		27,749
Lease financings	987		374		212		1,573		245,552		247,125		58		247,183
Total	$	22,433	$	2,786	$	534	$	25,753	$	6,520,942	$	6,546,695	$	20,519	$	6,567,214


	Accruing Loans and Leases
(Dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		90 Days or more Past Due		Total Past Due		Current		Total Accruing Loans and Leases		Nonaccrual Loans and Leases		Total Loans and Leases Held for Investment
At December 31, 2022
Commercial, financial and agricultural	$	1,616	$	343	$	—	$	1,959	$	1,081,897	$	1,083,856	$	5,072	$	1,088,928
Real estate—commercial real estate and construction:
Commercial real estate	3,281		290		20		3,591		3,019,827		3,023,418		4,537		3,027,955
Construction	315		—		—		315		381,496		381,811		—		381,811
Real estate—residential and home equity:
Residential secured for business purpose	375		203		263		841		476,400		477,241		1,013		478,254
Residential secured for personal purpose	4,127		162		319		4,608		723,798		728,406		1,989		730,395
Home equity secured for personal purpose	953		225		—		1,178		174,781		175,959		740		176,699
Loans to individuals	32		153		39		224		27,649		27,873		—		27,873
Lease financings	3,555		341		234		4,130		207,183		211,313		2		211,315
Total	$	14,254	$	1,717	$	875	$	16,846	$	6,093,031	$	6,109,877	$	13,353	$	6,123,230

Nonperforming Loans and Leases

The following presents, by class of loans and leases, nonperforming loans and leases at December 31, 2023 and 2022.


	At December 31,
	2023						2022
(Dollars in thousands)	Nonaccrual Loans and Leases		Loans and Leases 90 Days or more Past Due and Accruing Interest		Total Nonperforming Loans and Leases		Nonaccrual Loans and Leases		Loans and Leases 90 Days or more Past Due and Accruing Interest		Total Nonperforming Loans and Leases
Loans held for sale	$	8	$	—	$	8	$	—	$	—	$	—
Loans and leases held for investment:
Commercial, financial and agricultural	$	2,266	$	285	$	2,551	$	5,072	$	—	$	5,072
Real estate—commercial real estate and construction:
Commercial real estate	5,709		—		5,709		4,537		20		4,557
Construction	6,067		—		6,067		—		—		—
Real estate—residential and home equity:
Residential secured for business purpose	1,090		—		1,090		1,013		263		1,276
Residential secured for personal purpose	4,213		—		4,213		1,989		319		2,308
Home equity secured for personal purpose	1,116		—		1,116		740		—		740
Loans to individuals	—		37		37		—		39		39
Lease financings	58		212		270		2		234		236
Total	$	20,527	$	534	$	21,061	$	13,353	$	875	$	14,228

The following table presents the amortized cost basis of loans and leases held for investment on nonaccrual status and loans and leases held for investment 90 days or more past due and still accruing as of December 31, 2023 and 2022.


(Dollars in thousands)	Nonaccrual With No Allowance for Credit Losses		Nonaccrual With Allowance for Credit Losses		Total Nonaccrual		Loans and Leases 90 Days or more Past Due and Accruing Interest
At December 31, 2023
Commercial, financial and agricultural	$	332	$	1,934	$	2,266	$	285
Real estate-commercial	5,687		22		5,709		—
Real estate-construction	2,931		3,136		6,067		—
Real estate-residential secured for business purpose	1,090		—		1,090		—
Real estate-residential secured for personal purpose	4,213		—		4,213		—
Real estate-home equity secured for personal purpose	1,116		—		1,116		—
Loans to individuals	—		—		—		37
Lease financings	—		58		58		212
Total	$	15,369	$	5,150	$	20,519	$	534
At December 31, 2022
Commercial, financial and agricultural	$	225	$	4,847	$	5,072	$	—
Real estate-commercial	4,537		—		4,537		20

Real estate-residential secured for business purpose	1,013		—		1,013		263
Real estate-residential secured for personal purpose	1,989		—		1,989		319
Real estate-home equity secured for personal purpose	740		—		740		—
Loans to individuals	—		—		—		39
Lease financings	—		2		2		234
Total	$	8,504	$	4,849	$	13,353	$	875

For the year ended December 31, 2023, $84 thousand of interest income was recognized on nonaccrual loans and leases.

The following table presents, by class of loans and leases, the amortized cost basis of collateral-dependent nonaccrual loans and leases and type of collateral as of December 31, 2023 and 2022.


(Dollars in thousands)	Real Estate		Other (1)		None (2)		Total
At December 31, 2023
Commercial, financial and agricultural	$	2,236	$	30	$	—	$	2,266
Real estate-commercial	5,709		—		—		5,709
Real estate-construction	6,067		—		—		6,067
Real estate-residential secured for business purpose	1,090		—		—		1,090
Real estate-residential secured for personal purpose	4,213		—		—		4,213
Real estate-home equity secured for personal purpose	1,116		—		—		1,116

Lease financings	—		58		—		58
Total	$	20,431	$	88	$	—	$	20,519

(Dollars in thousands)	Real Estate		Other (1)		None (2)		Total
At December 31, 2022
Commercial, financial and agricultural	$	2,743	$	—	$	2,329	$	5,072
Real estate-commercial	4,537		—		—		4,537
Real estate-construction	—		—		—		—
Real estate-residential secured for business purpose	1,013		—		—		1,013
Real estate-residential secured for personal purpose	1,989		—		—		1,989
Real estate-home equity secured for personal purpose	740		—		—		740

Lease financings	—		2		—		2
Total	$	11,022	$	2	$	2,329	$	13,353

(1) Collateral consists of business assets, including accounts receivable, personal property and equipment.

(2) Loans fully guaranteed by the SBA or fully reserved given lack of collateral.

Credit Quality Indicators

The Corporation categorizes risk based on relevant information about the ability of the borrower to service their debt. Loans with a relationship balance of less than $1 million are reviewed when necessary based on their performance, primarily when such loans are delinquent. Commercial, financial and agricultural loans, real estate-commercial loans, real estate-construction loans and real estate-residential secured for a business purpose loans with relationships greater than $1 million are reviewed at least annually. Loan relationships with a higher risk profile or classified as special mention or substandard are reviewed at least quarterly. The Corporation reviews credit quality key risk indicators on at least an annual basis and last completed this review in conjunction with the period ended December 31, 2023. The following is a description of the internal risk ratings and the likelihood of loss related to the credit quality of commercial, financial and agricultural loans, real estate-commercial loans, real estate-construction loans and real estate-residential secured for a business purpose loans.

1.Pass—Loans considered satisfactory with no indications of deterioration

2.Special Mention—Potential weakness that deserves management's close attention

3.Substandard—Well-defined weakness or weaknesses that jeopardize the liquidation of the debt

4.Doubtful—Collection or liquidation in-full, on the basis of current existing facts, conditions and values, highly questionable and improbable

Based on the most recent analysis performed, the following table presents the recorded investment in loans and leases held for investment for commercial, financial and agricultural loans, real estate-commercial loans, real estate-construction loans and real estate-residential secured for a business purpose loans by credit quality indicator at December 31, 2023 and 2022.


	Term Loans Amortized Cost Basis by Origination Year
(Dollars in thousands)	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term		Total
At December 31, 2023
Commercial, financial and agricultural
Risk Rating
1. Pass	$	130,755	$	121,402	$	135,550	$	26,745	$	19,029	$	40,973	$	455,076	$	653	$	930,183
2. Special Mention	—		13,454		—		—		6,029		—		15,251		—		34,734
3. Substandard	—		2,195		8,206		—		216		—		14,189		—		24,806

Total	$	130,755	$	137,051	$	143,756	$	26,745	$	25,274	$	40,973	$	484,516	$	653	$	989,723
Current period gross charge-offs	$	6	$	50	$	314	$	67	$	390	$	161	$	3,889	$	—	$	4,877

Real estate-commercial
Risk Rating
1. Pass	$	480,527	$	841,529	$	642,133	$	604,700	$	329,443	$	296,802	$	74,947	$	—	$	3,270,081
2. Special Mention	1,238		227		3,132		5,821		—		10,416		—		—		20,834
3. Substandard	1,324		2,732		2,768		—		226		1,911		2,922		—		11,883

Total	$	483,089	$	844,488	$	648,033	$	610,521	$	329,669	$	309,129	$	77,869	$	—	$	3,302,798
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	50	$	—	$	—	$	50

Real estate-construction
Risk Rating
1. Pass	$	112,127	$	218,637	$	4,139	$	2,600	$	241	$	2,211	$	14,440	$	—	$	354,395
2. Special Mention	—		7,655		—		—		4,045		5,265		10,908		—		27,873
3. Substandard	2,400		1,574		2,932		—		—		—		5,288		—		12,194

Total	$	114,527	$	227,866	$	7,071	$	2,600	$	4,286	$	7,476	$	30,636	$	—	$	394,462
Current period gross charge-offs	$	—	$	207	$	—	$	—	$	—	$	—	$	—	$	—	$	207

Real estate-residential secured for business purpose
Risk Rating
1. Pass	$	104,904	$	151,680	$	120,035	$	60,360	$	38,006	$	11,631	$	29,295	$	—	$	515,911
2. Special Mention	—		—		—		—		—		—		—		—		—
3. Substandard	—		162		—		620		—		309		—		—		1,091

Total	$	104,904	$	151,842	$	120,035	$	60,980	$	38,006	$	11,940	$	29,295	$	—	$	517,002
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	50	$	—	$	50

Totals By Risk Rating
1. Pass	$	828,313	$	1,333,248	$	901,857	$	694,405	$	386,719	$	351,617	$	573,758	$	653	$	5,070,570
2. Special Mention	1,238		21,336		3,132		5,821		10,074		15,681		26,159		—		83,441
3. Substandard	3,724		6,663		13,906		620		442		2,220		22,399		—		49,974

Total	$	833,275	$	1,361,247	$	918,895	$	700,846	$	397,235	$	369,518	$	622,316	$	653	$	5,203,985
Total current period gross charge-offs	$	6	$	257	$	314	$	67	$	390	$	211	$	3,939	$	—	$	5,184


	Term Loans Amortized Cost Basis by Origination Year
(Dollars in thousands)	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Total
At December 31, 2022
Commercial, financial and agricultural
Risk Rating
1. Pass	$	233,064	$	148,033	$	41,091	$	28,269	$	28,209	$	48,631	$	487,818	$	1,015,240
2. Special Mention	2,732		28,220		9,623		8,104		26		—		19,829		68,534
3. Substandard	—		13		—		—		—		—		5,141		5,154

Total	$	235,796	$	176,266	$	50,714	$	36,373	$	28,235	$	48,631	$	512,788	$	1,088,928


Real estate-commercial
Risk Rating
1. Pass	$	877,703	$	680,432	$	724,941	$	332,702	$	118,034	$	208,974	$	54,139	$	2,996,925
2. Special Mention	869		8,173		11,582		944		85		3,002		1,838		26,493
3. Substandard	—		—		1,770		—		2,222		495		50		4,537

Total	$	878,572	$	688,605	$	738,293	$	333,646	$	120,341	$	212,471	$	56,027	$	3,027,955


Real estate-construction
Risk Rating
1. Pass	$	243,983	$	52,485	$	8,341	$	34,670	$	191	$	442	$	30,223	$	370,335
2. Special Mention	—		5,781		—		5,695		—		—		—		11,476
3. Substandard	—		—		—		—		—		—		—		—

Total	$	243,983	$	58,266	$	8,341	$	40,365	$	191	$	442	$	30,223	$	381,811


Real estate-residential secured for business purpose
Risk Rating
1. Pass	$	165,844	$	128,669	$	67,955	$	39,794	$	21,226	$	23,324	$	29,239	$	476,051
2. Special Mention	—		—		247		—		—		941		—		1,188
3. Substandard	—		211		27		—		38		594		145		1,015

Total	$	165,844	$	128,880	$	68,229	$	39,794	$	21,264	$	24,859	$	29,384	$	478,254


Totals By Risk Rating
1. Pass	$	1,520,594	$	1,009,619	$	842,328	$	435,435	$	167,660	$	281,371	$	601,419	$	4,858,551
2. Special Mention	3,601		42,174		21,452		14,743		111		3,943		21,667		107,691
3. Substandard	—		224		1,797		—		2,260		1,089		5,336		10,706

Total	$	1,524,195	$	1,052,017	$	865,577	$	450,178	$	170,031	$	286,403	$	628,422	$	4,976,948

The Corporation had no loans with a risk rating of Doubtful included within recorded investment in loans and leases held for investment at December 31, 2023 or 2022.

The Corporation monitors the credit risk profile by payment activity for the following classifications of loans and leases: real estate-residential secured for personal purpose loans, real estate-home equity secured for personal purpose loans, loans to individuals and lease financings. The Corporation reviews credit quality indicators on at least an annual basis and last completed this review in conjunction with the period ended December 31, 2023. Loans and leases past due 90 days or more and loans and leases on nonaccrual status are considered nonperforming. Nonperforming loans and leases are reviewed monthly. Performing loans and leases are reviewed only if the loan becomes 60 days or more past due.

Based on the most recent analysis performed, the following table presents the recorded investment in loans and leases held for investment for real estate-residential secured for personal purpose loans, real estate-home equity secured for personal purpose loans, loans to individuals and lease financings by credit quality indicator at December 31, 2023 and 2022.


	Term Loans Amortized Cost Basis by Origination Year
(Dollars in thousands)	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Total
At December 31, 2023
Real estate-residential secured for personal purpose
Payment Performance
1. Performing	$	139,765	$	328,383	$	206,285	$	128,157	$	22,798	$	79,296	$	118	$	904,802
2. Nonperforming	—		153		43		2,749		—		1,268		—		4,213
Total	$	139,765	$	328,536	$	206,328	$	130,906	$	22,798	$	80,564	$	118	$	909,015


Real estate-home equity secured for personal purpose
Payment Performance
1. Performing	$	511	$	2,567	$	510	$	409	$	165	$	1,463	$	172,541	$	178,166
2. Nonperforming	—		—		—		—		—		—		1,116		1,116
Total	$	511	$	2,567	$	510	$	409	$	165	$	1,463	$	173,657	$	179,282
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	85	$	—	$	—	$	85

Loans to individuals
Payment Performance
1. Performing	$	1,831	$	894	$	530	$	107	$	48	$	1,004	$	23,298	$	27,712
2. Nonperforming	—		—		—		—		—		37		—		37
Total	$	1,831	$	894	$	530	$	107	$	48	$	1,041	$	23,298	$	27,749
Current period gross charge-offs	$	215	$	82	$	—	$	5	$	29	$	21	$	155	$	507

Lease financings
Payment Performance
1. Performing	$	110,832	$	70,070	$	41,392	$	17,874	$	5,681	$	1,064	$	—	$	246,913
2. Nonperforming	11		104		88		19		36		12		—		270
Total	$	110,843	$	70,174	$	41,480	$	17,893	$	5,717	$	1,076	$	—	$	247,183
Current period gross charge-offs	$	—	$	174	$	144	$	71	$	20	$	1	$	—	$	410

Totals by Payment Performance
1. Performing	$	252,939	$	401,914	$	248,717	$	146,547	$	28,692	$	82,827	$	195,957	$	1,357,593
2. Nonperforming	11		257		131		2,768		36		1,317		1,116		5,636
Total	$	252,950	$	402,171	$	248,848	$	149,315	$	28,728	$	84,144	$	197,073	$	1,363,229
Total current period gross charge-offs	$	215	$	256	$	144	$	76	$	134	$	22	$	155	$	1,002


	Term Loans Amortized Cost Basis by Origination Year
(Dollars in thousands)	2022		2021		2020		2019		2018		Prior		Revolving Loans Amortized Cost Basis		Total
At December 31, 2022
Real estate-residential secured for personal purpose
Payment Performance
1. Performing	$	258,293	$	211,638	$	140,822	$	23,827	$	18,273	$	75,126	$	108	$	728,087
2. Nonperforming	—		48		466		319		306		1,169		—		2,308
Total	$	258,293	$	211,686	$	141,288	$	24,146	$	18,579	$	76,295	$	108	$	730,395


Real estate-home equity secured for personal purpose
Payment Performance
1. Performing	$	2,945	$	642	$	491	$	192	$	205	$	1,565	$	169,870	$	175,910
2. Nonperforming	—		—		—		—		157		3		629		789
Total	$	2,945	$	642	$	491	$	192	$	362	$	1,568	$	170,499	$	176,699


Loans to individuals
Payment Performance
1. Performing	$	1,581	$	857	$	554	$	247	$	138	$	1,340	$	23,117	$	27,834
2. Nonperforming	—		—		—		—		—		39		—		39
Total	$	1,581	$	857	$	554	$	247	$	138	$	1,379	$	23,117	$	27,873


Lease financings
Payment Performance
1. Performing	$	94,430	$	61,680	$	33,468	$	15,164	$	5,569	$	768	$	—	$	211,079
2. Nonperforming	41		56		17		21		90		11		—		236
Total	$	94,471	$	61,736	$	33,485	$	15,185	$	5,659	$	779	$	—	$	211,315


Totals by Payment Performance
1. Performing	$	357,249	$	274,817	$	175,335	$	39,430	$	24,185	$	78,799	$	193,095	$	1,142,910
2. Nonperforming	41		104		483		340		553		1,222		629		3,372
Total	$	357,290	$	274,921	$	175,818	$	39,770	$	24,738	$	80,021	$	193,724	$	1,146,282

The Corporation had no revolving loans which were converted to term loans included within recorded investment in loans and leases held for investment at December 31, 2023 or 2022.

Allowance for Credit Losses on Loan and Leases and Recorded Investment in Loans and Leases

The following presents, by portfolio segment, a summary of the activity in the allowance for credit losses, loans and leases, for the years ended December 31, 2023, 2022 and 2021. There were no changes to the reasonable and supportable forecast period, the reversion period, or any significant methodology changes during the year ended December 31, 2023.


(Dollars in thousands)	Beginning balance		Provision (reversal of provision) for credit losses		Charge-offs		Recoveries		Ending balance

For the Year Ended December 31, 2023
Allowance for credit losses, loans and leases:
Commercial, financial and agricultural	$	16,920	$	1,289	$	(4,877)	$	367	$	13,699
Real estate-commercial	41,673		4,213		(50)		13		45,849
Real estate-construction	4,952		1,797		(207)		1		6,543
Real estate-residential secured for business purpose	7,054		1,503		(50)		185		8,692
Real estate-residential secured for personal purpose	3,685		2,664		—		—		6,349
Real estate-home equity secured for personal purpose	1,287		4		(85)		83		1,289
Loans to individuals	351		467		(507)		81		392
Lease financings	3,082		(157)		(410)		59		2,574

Total	$	79,004	$	11,780	$	(6,186)	$	789	$	85,387

For the Year Ended December 31, 2022
Allowance for credit losses, loans and leases:
Commercial, financial and agricultural	$	13,538	$	3,705	$	(887)	$	564	$	16,920
Real estate-commercial	41,095		3,854		(3,282)		6		41,673
Real estate-construction	4,575		377		—		—		4,952
Real estate-residential secured for business purpose	6,482		517		—		55		7,054
Real estate-residential secured for personal purpose	2,403		1,282		—		—		3,685
Real estate-home equity secured for personal purpose	1,028		221		—		38		1,287
Loans to individuals	363		167		(255)		76		351
Lease financings	2,290		1,002		(245)		35		3,082
Unallocated	150		(150)		N/A		N/A		—
Total	$	71,924	$	10,975	$	(4,669)	$	774	$	79,004

For the Year Ended December 31, 2021
Allowance for credit losses, loans and leases:
Commercial, financial and agricultural	$	13,584	$	(30)	$	(1,641)	$	1,625	$	13,538
Real estate-commercial	52,230		(11,339)		(594)		798		41,095
Real estate-construction	3,298		1,277		—		—		4,575
Real estate-residential secured for business purpose	7,317		(688)		(227)		80		6,482
Real estate-residential secured for personal purpose	3,055		(652)		—		—		2,403
Real estate-home equity secured for personal purpose	1,176		(212)		—		64		1,028
Loans to individuals	533		(35)		(240)		105		363
Lease financings	1,701		772		(311)		128		2,290
Unallocated	150		—		N/A		N/A		150
Total	$	83,044	$	(10,907)	$	(3,013)	$	2,800	$	71,924

N/A – Not applicable

The following presents, by portfolio segment, the balance in the allowance for credit losses on loans and leases disaggregated on the basis of whether the loan or lease was measured for credit loss as a pooled loan or lease or if it was individually analyzed for a reserve at December 31, 2023 and 2022:


	Allowance for credit losses, loans and leases						Loans and leases held for investment
(Dollars in thousands)	Ending balance: individually analyzed		Ending balance: pooled		Total ending balance		Ending balance: individually analyzed		Ending balance: pooled		Total ending balance
At December 31, 2023
Commercial, financial and agricultural	$	692	$	13,007	$	13,699	$	2,551	$	987,172	$	989,723
Real estate-commercial	20		45,829		45,849		5,709		3,297,089		3,302,798
Real estate-construction	1,075		5,468		6,543		6,067		388,395		394,462
Real estate-residential secured for business purpose	—		8,692		8,692		1,090		515,912		517,002
Real estate-residential secured for personal purpose	—		6,349		6,349		4,214		904,801		909,015
Real estate-home equity secured for personal purpose	—		1,289		1,289		1,116		178,166		179,282
Loans to individuals	—		392		392		—		27,749		27,749
Lease financings	—		2,574		2,574		—		247,183		247,183

Total	$	1,787	$	83,600	$	85,387	$	20,747	$	6,546,467	$	6,567,214
At December 31, 2022
Commercial, financial and agricultural	$	2,765	$	14,155	$	16,920	$	5,072	$	1,083,856	$	1,088,928
Real estate-commercial	—		41,673		41,673		4,537		3,023,418		3,027,955
Real estate-construction	—		4,952		4,952		—		381,811		381,811
Real estate-residential secured for business purpose	—		7,054		7,054		1,013		477,241		478,254
Real estate-residential secured for personal purpose	—		3,685		3,685		1,989		728,406		730,395
Real estate-home equity secured for personal purpose	—		1,287		1,287		740		175,959		176,699
Loans to individuals	—		351		351		—		27,873		27,873
Lease financings	—		3,082		3,082		—		211,315		211,315

Total	$	2,765	$	76,239	$	79,004	$	13,351	$	6,109,879	$	6,123,230

N/A – Not applicable

Modified Loans to Borrowers Experiencing Financial Difficulty

The following presents, by class of loans, information regarding accruing and nonaccrual modified loans to borrowers experiencing financial difficulty during the year ended December 31, 2023:


	For the Year Ended December 31,
	2023
(Dollars in thousands)	Number of Loans	Amortized Cost Basis*		% of Total Class of Financing Receivable		Related Reserve
Accruing Modified Loans to Borrowers Experiencing Financial Difficulty:

Real estate—commercial real estate	2	$	4,863	0.15	%	$	10



Total	2	$	4,863			$	10

Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:

Real estate—commercial real estate	1	$	1,741	0.05	%	$	—



Total	1	$	1,741			$	—

*Amortized cost excludes $15 thousand of accrued interest receivable on modified loans.

The following presents, by class of loans, information regarding the financial effect on accruing and nonaccrual modified loans to borrowers experiencing financial difficulty during the year ended December 31, 2023:

Term Extension

(Dollars in thousands)

No. of
Loans

Financial Effect

For the Year Ended December 31, 2023

Accruing Modified Loans to Borrowers Experiencing Financial Difficulty:

Real estate—commercial real estate

Added a weighted-average 1.1 years to the life of loans, which reduced monthly payment amount for the borrowers.

Total

Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:

Real estate—commercial real estate

Added a weighted-average 1.3 years to the life of loan, which reduced monthly payment amount for the borrower.

Total

The following presents, by class of loan, accruing or nonaccrual modified loans to borrowers experiencing financial difficulty for which there were payment defaults within twelve months of the modification date for the year ended December 31, 2023:


	For the Year Ended December 31, 2023

	Term Extension
(Dollars in thousands)	Number of Loans	Amortized Cost Basis
Accruing Modified Loans to Borrowers Experiencing Financial Difficulty:

Total	—	$	—
Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:

Real estate—commercial real estate	1	$	1,741
Total	1	$	1,741

The following presents, by class of loans, the amortized cost and performance status of accruing and nonaccrual modified loans to borrowers experiencing financial difficulty that have been modified in the last 12 months.


	At December 31, 2023
(Dollars in thousands)	Current		30-89 Days Past Due		90 Days or More Past Due		Total
Accruing Modified Loans to Borrowers Experiencing Financial Difficulty:
Real estate—commercial real estate	$	4,863	$	—	$	—	$	4,863

Total	$	4,863	$	—	$	—	$	4,863
Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty:

Real estate—commercial real estate	$	—	$	—	$	1,741	$	1,741

Total	$	—	$	—	$	1,741	$	1,741

As of December 31, 2023, the Bank had commitments to extend credit to borrowers in the above table.

The following presents the amount of consumer mortgages collateralized by residential real estate property that were in the process of foreclosure at December 31, 2023 or 2022.


(Dollars in thousands)	At December 31, 2023		At December 31, 2022
Real estate-residential secured for personal purpose	$	5,147	$	822
Real estate-home equity secured for personal purpose	—		72
Total	$	5,147	$	894

The following presents foreclosed residential real estate property included in other real estate owned at December 31, 2023 or 2022.


(Dollars in thousands)	At December 31, 2023		At December 31, 2022
Foreclosed residential real estate	$	79	$	—

Lease Financings

The following presents the schedule of minimum lease payments receivable:


(Dollars in thousands)	At December 31, 2023		At December 31, 2022
2023	N/A		$	75,900
2024	87,101		61,793
2025	74,002		45,738
2026	56,525		29,902
2027	36,944		13,091
2028	14,945		1,991
Thereafter	3,506		561
Total future minimum lease payments receivable	273,023		228,976
Plus: Unguaranteed residual	1,242		1,387
Plus: Initial direct costs	3,403		2,884
Less: Imputed interest	(30,485)		(21,932)
Lease financings	$	247,183	$	211,315